Labor Day Gas Prices Hit Record High Amid War in Middle East
Americans are facing record-high gasoline prices for Labor Day weekend, just as political campaigns kick off for midterm Congressional elections. The national average price is expected to hit $4.03 on Labor Day, surpassing the previous record of $3.83 per gallon set in 2012, according to GasBuddy analyst Patrick De Haan.
The war in the Middle East has led to increased energy costs, and prices at the pump have climbed alongside crude oil prices, which jumped back over $90 a barrel after renewed military action between the U.S. and Iran revived concerns about disruptions to global crude supplies.
Critics of President Donald Trump argue that his administration's policies are contributing to high gasoline prices, while others point to global market trends as the primary cause.